One of the additional ways to earn money from property apart from renting house is allowing advertisement hoardings and renting mobile towers. Here are pros and cons of allowing a mobile towers on your property.
1. You will get a steady flow of income ranging from 10,000 to 1 lakh per month in metro cities like Mumbai.
2. One term agreement may vary from 12 months to years and a 10-15 % hike over the period of time.
3. Some mobile companies give perks such as free calls and internet facilities.
1. Cell towers may increase the risk of cancers, there may be other side effects such as headaches, memory loss and cardiovascular stress.
2. Aesthetic appearance of the building.
If you are looking to buy a 2 BHK or 3 BHK flats in Palava megacity phase 2 or want to rent your resale your flat then the best way is to go through a consultants such as Bright real estate consultants, who are the official partners in Lodha group, they are also the oldest brokers in Palava.